Form 4: Hayward Holdings SVP, Chief Commercial Officer Collins John Alec Reports Acquisition of 221,239 Shares

John Alec Collins, SVP and Chief Commercial Officer of Hayward Holdings, Inc., reported acquiring 221,239 shares of common stock as an ad hoc retention award.

Summary

• On September 13, 2024, John Alec Collins, the SVP and Chief Commercial Officer of Hayward Holdings, Inc., reported a transaction involving the company's common stock.
• Collins acquired 221,239 shares of common stock as an ad hoc retention award.
• The acquisition price was $0 per share.
• Following the transaction, Collins directly owns 277,659 shares of Hayward Holdings, Inc.
• The shares were granted as restricted stock units under the company's 2021 Equity Plan.
• These restricted stock units vest in two equal installments on September 13, 2027, and September 13, 2029, contingent upon continuous service with the Issuer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of restricted stock units indicates a commitment to retaining key personnel, which is generally viewed favorably. There are no immediately negative implications.

Positives

• The grant of restricted stock units to a key executive like the SVP and Chief Commercial Officer suggests an effort to retain talent.
• The vesting schedule tied to continued service aligns the executive's interests with the long-term performance of the company.

Future Outlook

The executive's retention is incentivized through the vesting schedule of the restricted stock units, spanning until 2029.

Industry Context

Retention awards are a common practice in publicly traded companies to align executive interests with shareholder value and ensure leadership stability.

Stakeholder Impact

• Shareholders may view the retention award positively as it incentivizes a key executive to remain with the company.
• Employees may see this as a positive sign of the company's commitment to its leadership team.

Key Dates